Superlenny
Sports Betting – Lenny knows the score

Sports Betting – Lenny knows the score

For beginners, the world of sports betting can seem daunting, with odds, evens, and handicaps. The good news is that Lenny knows sports like Jeremy Clarkson knows cars, which is why he created this guide for punters. We BET you’re going to love it!

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Best UK Betting Sites 2019

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+18. The Sportsbook Welcome Offer is a £10 Money Back Offer on your first bet only, if it is settled as a loss. Minimum deposit is £20, deposits via Skrill (Moneybookers) or Neteller are excluded from this offer. When you place your first bet of £10, and use this Welcome Offer, the funds used to cover the stake is your money. If the £10 bet is settled as a loss, your funds used to cover the stake is returned directly to your account immediately. The £10 Money Back offer Free Bet can be used on any single selection, accumulators or in-play bets available in the Sportsbook. Winnings from your first bet is your money and without any wagering requirements. £10 Money Back offer is valid for a period of 7 days. T&C apply.


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Betting on Popular Sports

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As everyone knows, Lenny has been in the betting game for a long time and enjoys the game for the game’s sake. This is why he’s imparted some helpful betting strategies and guides for the most popular sports and competitions to bet on including:

Football 

Champions League

Premier League

Horse Racing

Darts

Formula 1

Sports Betting Guides

Betting on Football

Betting on Football

online-betting | Lenny | 31st Jan 2017

Football is the world's most popular sport with an estimated 4 billion fans worldwide! Unsurprisingly, one of the most popular types of sports betting is football bets.…

Betting on American football

Betting on American football

online-betting | Lenny | 31st Jan 2017

POWER ODDS…

Betting on Boxing

Betting on Boxing

online-betting | Lenny | 31st Jan 2017

POWER ODDS …

Betting on Rugby

Betting on Rugby

online-betting | Lenny | 31st Jan 2017

POWER ODDS…

Betting on Premier League

Betting on Premier League

online-betting | Lenny | 31st Jan 2017

POWER ODDS …

Betting on Tennis

Betting on Tennis

online-betting | Lenny | 31st Jan 2017

Nothing brings excitement to someone who's keen on placing bets than watching an event that they have thrown a few pounds into. However, betting on a sport with many…

How do Sports Betting Bonuses Work?

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In the simplest form, a sports betting bonus is an offer by the sportsbook to provide you something extra for placing your wagers with them. Typically, it’s a monetary amount to increase your bankroll, but sometimes, it can be in the form of loyalty points and even gifts, although this is not so common.

What’s important to note is that not all sports betting bonuses are created equal, and there are various types of bonuses that each have their own unique features and terms.

Let’s take a closer look at these concepts:

Initial Deposit: In order to claim a bonus, you will need to deposit funds into your account. In almost all cases, there is a minimum amount required. There are some sites that do offer a no-deposit bonus, but it is not that common. While sportsbook sites certainly don’t want to limit you on how much you want to deposit, there is often an upper limit on how much bonus you will get. For example, A site says: “Join now and get a 50% Welcome Bonus”. In this case, if you deposit $100, you will receive an additional $50 in bonus funds, giving you $100+$50=$150 worth of funds to bet with.

Rollover Rate / Wagering: If you think you’re going to put all $150 on a single bet and when you win, you will withdraw all your winnings, you will be in for a nasty surprise. The reason is that the sportsbook applies a rollover/wagering requirement on the amount deposited and the bonus, before allowing you to withdraw. For example a Rollover of 10X would mean that you must place a total of bets worth $1,500 i.e. ($100+$50) x 10. Note that some sites may place odds restrictions on the rollover. What this means is that they may not count your entire wager towards the rollover requirement, depending on the odds offered for the bet you are placing. Another factor to consider is there is often a time limit to complete the rollover and if you don’t meet the wagering requirements within the timeframe, you could forfeit your bonus and possibly even any winnings from that bonus.

Types of Sport Betting Bonuses

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Here, are some of the most common types of sports betting bonuses:

  1. Match Bonuses – Also known as deposit bonuses or deposit match is the most common online betting bonuses. The sportsbook will match your deposit amount by a certain percentage or fixed amount. Example: 100% up to €
  2. Reload Bonus – Almost identical to a match bonus or welcome bonus except they are aimed at existing customers to encourage them to keep depositing and placing bets.
  3. Free Bets – Don’t get excited, they’re not actually free bets, but instead, a type of insurance or cashback up to a certain value. In essence, it’s a “risk-free” bet where you still need to make a deposit and place a bet. However, if you lose the bet, you get your money back but if you win, you receive your winnings with rollover requirements.
  4. Loyalty Bonus – The more you play, the more they pay. Loyalty bonuses are there to not only keep you betting but to encourage you to bet more. Often, loyalty bonuses will be awarded based on how much you bet within a certain period and may not necessarily require you to make a deposit. For example, you may already have bankroll to play with, so the sportsbook may offer you X% amount of bonus if you wager more than €500 in a month.
  5. No Deposit Bonus – As the name implies, these are bonuses you may receive without having to make a deposit first. Typically, these are given to existing customers and may be small amounts to keep you active. Very rarely are no-deposit bonuses given to new customers, but anything is possible. Once again, make sure to read the fine print.
  6. Referral Bonuses – It’s simple, bring your friends and you get rewarded. They will have to sign up and make their initial deposit before you get rewarded. Your referrals may also have to meet their rollover commitments too. Make sure to read the terms relating to referral bonuses as sometimes, there are limitations on it being immediate family members or the number of referrals etc.

Should you claim a sports betting bonus?

There is no clear-cut answer, but generally, YES. However, let’s take a look at some of the pros and cons which will help guide your decision. Some of the disadvantages of claiming a bonus are the multitude of terms and conditions associated with the bonus. You may have to make a minimum deposit before being able to claim; there may be rollover/wagering requirements; there may be time limits to use up the bonus and various other commitments. On the other side of the coin, you can increase your bankroll without risking all your own funds. If you are new to an online betting site, it’s a good way to test out the new site with limited money.

Whatever you decide, we cannot emphasize enough to understand the T&Cs, because the last thing you want is to lose out on thousands of euros in winnings because you didn’t know what was expected.

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When is it not a good idea to claim a sports betting bonus?

Once again, there is no simple answer and it depends on the sportsbook and the type of offer. Probably, the best rule of thumb is to first read the terms and to understand them. When you know what the requirements are, you can then make an educated decision as to whether to claim the sports betting bonus or to walk away. An important thing to bear in mind: The bigger the bonus, usually, the bigger the requirements.

What is the best sports betting strategy?

This question has no simple answer or a guaranteed method. Online betting is all about odds and applying a strategy is about trying to improve the odds in your favor but bear in mind, the sportsbook has a house edge built into every bet to help them make money too. The other problem with this question is avid punters each have their own strategy they use, which they believe is the holy grail. One strategy that seems popular among sports bettors is opting for Free Bets instead of a Match Bonus. Because free bets work like a type of insurance, they are sometimes referred to as risk-free bets, because when you lose a bet, the bookmaker refunds your bet amount.  The problem is the amount you get back may not cover your entire initial wager, which means you could still be at a loss, but at least not the full amount. The other issue with Free Bets is you may be limited to which types of bets or sports and even the number of Free Bets you can place.

Lenny's Tip for Sportsbetting

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Betting on sports can be a great form of entertainment and you could even make some money while doing it. Sport betting bonuses can be a great way to boost your bankroll and to “play with the house’s money”. By knowing the rules and sticking to them, you will save yourself the frustration and enjoy your betting a lot more. Always choose a reliable and reputable sportsbook, and if you’re ever in doubt about something, contact their support.  No matter what you decide or which bonus you choose, always remember: “Bet with your head, not with your heart”.